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Valdymo koordinavimo centras

State Owned Enterprises

Geoterma is a state-owned company established in 1991 and later reorganized into a private limited company. The main activity of the Company is the production of hot water in Klaipėda’s demonstration geothermal power plant (KPGJ). Heat is produced by extracting it from low-temperature geothermal water and burning natural gas. The majority of heat is sold by AB Klaipėdos energija.

Financial results

P/L Statment

Revenue
Cost of goods sold
Gross profit (loss)
Gross profit margin
Operating expenses
Operating profit (loss)
Operating profit margin
EBITDA
EBITDA margin
Net profit (loss)
Net profit margin
2016 Q4 2017 Q2
Revenue 301 928
Cost of goods sold 548 904
Gross profit -247 23
Gross profit margin -82% 3%
Operating expenses 155 103
Operating profit -402 -80
Operating profit margin -134% -9%
EBITDA -129 85
EBITDA margin -43% 9%
Net profit -360 -96
Net profit margin -119% -10%

Balance sheet

Non-current assets
Intangible assets
Tangible assets
Financial assets
Other non-current assets
Biological assets
Current assets
Inventories and prepaid expenses
Accounts receivable in one year
Other current assets
Cash and cash equivalents
Total assets
Equity
Minority share of capital
Grants and subsidies
Liabilities
Financial liabilities
Long-term liabilities
Short-term liabilities
Equity and liabilities
2016 Q4 2017 Q2
Non-current assets 5,822 5,822
Intangible assets 0 0
Tangible assets 5,822 5,822
Financial assets 0 0
Other non-current assets 0 0
Biological assets 0 0
Current assets 285 285
Inventories and prepaid expenses 44 44
Accounts receivable in one year 202 202
Other non-current assets 0 0
Cash and cash equivalents 39 39
Total assets 6,107 6,107
Equity -1,348 -1,348
Minority share of capital 0 0
Grants and subsidies 3,708 3,708
Liabilities 3,746 3,746
Financial liabilities 3,160 3,160
Long-term liabilities 394 394
Short-term liabilities 3,353 3,353
Equity and liabilities 6,107 6,107

Financial ratios

2015
Capital return ratios
Return on assets (ROA) 3%
Return on equity (ROE) 5%
Return on capital employed (ROCE) 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00
Current Ratio 1.90
Quick ratio 1.83
Turnover ratios
Asset turnover 1.08
Fixed asset turnover 1.71
Equity turnover 1.72
Profitability ratios
EBITDA margin 11%
Operating profit margin 2%
Net profit margin 2%
Other ratios
Dividends to the State 71.99
Dividends paid / net profit 0.50
2016 Q4 2017 Q2
Capital return ratios
Return on assets (ROA) -7% -7%
Return on equity (ROE) 42% 41%
Return on capital employed (ROCE) -12% -13%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.52 0.52
Current Ratio 0.08 0.08
Quick ratio 0.07 0.07
Turnover ratios
Asset turnover 0.19 0.20
Fixed asset turnover 0.20 0.20
Equity turnover -1.14 -1.10
Profitability ratios
EBITDA margin -43% 9%
Operating profit margin -134% -9%
Net profit margin -119% -10%
Other ratios
Dividends to the State 0.00
Dividends paid / net profit 0.00

Expectations of the state

About the company

  • Official nameUAB „Geoterma“
  • Legal formPrivate limited liability company (UAB)
  • Company code123540818
  • SectorEnergy
  • Line of businessProduction of thermal energy
  • Institution representing the StateVĮ Turto bankas
  • Share belonging to the State99.09%
http://geoterma.lt/

Financial data provided as at end-December 2018

Management

  • Bankroto administratorė Raminta ValiulienėDirector General

Information as of: 2019/11/01